Last update in: June 19, 2025, 05:11 pm
Therefore, it was reported that the plan of how to kill Republicans kill tax credit of $ 7,500 for electric cars: 180 days after the budget bill was passed to the law, the EV tax credit will disappear. In addition, EVS tax credit will be eliminated immediately for cars produced outside the United States. Moreover, there is a very less useful tax credit, but it is very useful for used electric cars – which will end after 90 days of signing the bill in the law.
Obviously, starting in 2026, this will be a major blow to the United States market EV. Electric car sales will take a blow. But the strike will look more dramatic because we are all familiar with it now. Many people who were considering buying an electric car will rush to buy one before the tax incentives end. However, “the demand to withdraw forward” also means that less people buy an electric car within 6-12 months after the support ends.
Therefore, we will likely see an increase in EV sales in the rest of this year – may make the market and some brands look healthier than they are – and then we will see a terrible breakdown in the market will make the market look worse than it is.
In general, though, in the long run, this is not good for the United States market EV, and we will leave our feet and tremors away from markets such as China and Europe, and even some South American countries apparently. Regardless of the clear decrease from the removed incentives, it is also just a major blow to work in the United States to provide production tax credits and then withdraw it after a few years. The factories take a lot of long -term planning and capital investment. Driving this work and investing in the trash can make companies wonder whether they will risk in the states again. The United States has become a less predictive, less stable and less confident market for companies that have these upcoming changes, especially in solar and solar energy sectors.
Of course, the bill has not yet been passed, so things can still change. But this does not seem good, especially since the Republican -controlled parliament and the Republican House of Representatives suggested killing EV incentives. There are only slight differences in how to suggest doing this.
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